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Armenian PM: Russian companies play core role in many sectors of
Armenia's economy
14:33 22.02.2014
Russian and Armenian Prime Ministers Dmitry Medvedev and Tigran
Sargsyan will meet in Sochi after the closing ceremony of the Olympic
Games.
Russia ranks first among investors in the Armenian economy, with
Russian companies play core role in many economic sectors, Armenian
Prime Minister Tigran Sarkisyan said.
"First and foremost, Russia is our number one investor: in terms of
investments [in Armenia], Russia ranks first, leaving behind the
European Union and the United States," Sargsyan said in an interview
with Itar-Tass. "Secondly, Russian companies are playing a core role
in many economic sectors."
According to the Armenian Prime Minister, agreements that were reached
by Russia and his country in December 2014 were being implemented.
These agreements were ratified by the parliament and came into effect.
"First of all, they concern the energy sector and our relations with
Gazprom on pricing formulas on Russian natural gas for the next five
years, which guarantee stable and predictable in terms of price gas
supplies to Armenia," Sargsyan said. "It is of principal importance
for us that this regime is already being used for our country,
although it was initially planned that it would be used after
Armenia's joining the Customs Union [of Russia, Belarus and
Kazakhstan]. The Russian side made a concession to us and this pricing
regime, which provides for reduced gas prices for member countries of
the Customs Union, is already pallicable to Armenia."
"Apart from that, we have already received first fuel supplies from
Rosneft, which will also help Armenia not to increase fuel prices.
Moreover, there might be downwards tendency, instead," he stressed.
Talks are underway with Russia's Gokhran [State Precious Metals and
Gems Repository] on supplies of diamonds to Armenia, he noted.
As concerns the investment sphere, it is cooperation in the free trade
zone on the basis of Yerevan's Mars works of master controllers. All
necessary normative documents and contracts with the managing company
were signed and implemented last year, he said.
Two business projects have already been endorsed by the Armenia
government, Sargsyan said, adding that he was "glad that Armenia's
first tablet computers and telephones will be manufactured in this
free trade zone."
Russian Prime Minister Dmitry Medvedev and Tigran Sargsyan will meet
in Sochi on February 24, a day after the closing ceremony of the XXII
Olympic Winter Games, which the Armenian premier is going to attend at
the Russian side's invitation.
http://www.armradio.am/en/2014/02/22/armenian-pm-russian-companies-play-core-role-in-many-sectors-of-armenias-economy/
Armenia's economy
14:33 22.02.2014
Russian and Armenian Prime Ministers Dmitry Medvedev and Tigran
Sargsyan will meet in Sochi after the closing ceremony of the Olympic
Games.
Russia ranks first among investors in the Armenian economy, with
Russian companies play core role in many economic sectors, Armenian
Prime Minister Tigran Sarkisyan said.
"First and foremost, Russia is our number one investor: in terms of
investments [in Armenia], Russia ranks first, leaving behind the
European Union and the United States," Sargsyan said in an interview
with Itar-Tass. "Secondly, Russian companies are playing a core role
in many economic sectors."
According to the Armenian Prime Minister, agreements that were reached
by Russia and his country in December 2014 were being implemented.
These agreements were ratified by the parliament and came into effect.
"First of all, they concern the energy sector and our relations with
Gazprom on pricing formulas on Russian natural gas for the next five
years, which guarantee stable and predictable in terms of price gas
supplies to Armenia," Sargsyan said. "It is of principal importance
for us that this regime is already being used for our country,
although it was initially planned that it would be used after
Armenia's joining the Customs Union [of Russia, Belarus and
Kazakhstan]. The Russian side made a concession to us and this pricing
regime, which provides for reduced gas prices for member countries of
the Customs Union, is already pallicable to Armenia."
"Apart from that, we have already received first fuel supplies from
Rosneft, which will also help Armenia not to increase fuel prices.
Moreover, there might be downwards tendency, instead," he stressed.
Talks are underway with Russia's Gokhran [State Precious Metals and
Gems Repository] on supplies of diamonds to Armenia, he noted.
As concerns the investment sphere, it is cooperation in the free trade
zone on the basis of Yerevan's Mars works of master controllers. All
necessary normative documents and contracts with the managing company
were signed and implemented last year, he said.
Two business projects have already been endorsed by the Armenia
government, Sargsyan said, adding that he was "glad that Armenia's
first tablet computers and telephones will be manufactured in this
free trade zone."
Russian Prime Minister Dmitry Medvedev and Tigran Sargsyan will meet
in Sochi on February 24, a day after the closing ceremony of the XXII
Olympic Winter Games, which the Armenian premier is going to attend at
the Russian side's invitation.
http://www.armradio.am/en/2014/02/22/armenian-pm-russian-companies-play-core-role-in-many-sectors-of-armenias-economy/